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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
03/23/201507:26:28Utilities And Interest Rates
03/21/201512:00:021 Chart That Defines Our Energy Future
03/20/201517:22:23Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/19/201515:15:00Georgia Power illuminates savings on ENERGY STAR® certified...
03/18/201518:45:21Electric Utility Southern Company Is Oversold
03/17/201518:37:13Own utilities despite rising rate environment, two analysts say
03/17/201514:00:00Southern Company CEO receives national award for leading nuclear...
03/17/201508:59:43Statement of Changes in Beneficial Ownership (4)
03/16/201512:22:00Upgrades to Plant Hatch Unit 2 enhance the production of low-cost...
03/16/201508:37:19Time To Nibble On Southern Company
03/15/201518:10:25Dividend Contenders: 26 Increases Expected In The Next 11 Weeks
03/03/201511:44:13Statement of Changes in Beneficial Ownership (4)
03/03/201511:43:38Statement of Changes in Beneficial Ownership (4)
03/03/201511:43:11Statement of Changes in Beneficial Ownership (4)
03/03/201511:42:47Statement of Changes in Beneficial Ownership (4)
03/03/201511:42:20Statement of Changes in Beneficial Ownership (4)
03/03/201511:41:32Statement of Changes in Beneficial Ownership (4)
03/03/201511:41:00Statement of Changes in Beneficial Ownership (4)
03/03/201511:40:13Statement of Changes in Beneficial Ownership (4)
03/03/201511:39:43Statement of Changes in Beneficial Ownership (4)

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